Is New York Mills, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New York Mills is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, New York Mills has remained a Seller's Market.

Key Takeaway

New York Mills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in New York Mills, NY

How much do homes in New York Mills, NY cost?

Median Sold Price

$207,500

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+13.7%)

Key Takeaway

Homes in New York Mills have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in New York Mills was $207,500 in October 2024, up 13.7% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $112K$165K
+47.3%
3 $222.6K$197.5K
-11.3%
4 $182.4K$225K
+23.3%
5+ $168.3K$189.5K
+12.6%

Summary: New York Mills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.3%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 12.6%.

Median Sold Price Compared To Nearby Cities

New York Mills
+13.7%
Yorkville
+13.1%
Whitestown
+7.1%
Utica
0.0%

Housing Supply in New York Mills, NY

How many homes are available in New York Mills, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
550.0%

Summary: The New York Mills real estate market had 5 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 22
0.0%
5+ 22
0.0%

Summary: The New York Mills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New York Mills, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in New York Mills in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for New York Mills, NY

How long does it take to sell a home in New York Mills, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
2 Days3 Days+50.0%

Summary: Homes in New York Mills had an average of 3 days on market in Oct 2024, up by 50% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in New York Mills are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in New York Mills; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in New York Mills, NY

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